Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise3.8%
Next ReportNov 04, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 20, 2026
$2.46
$2.07
19.0%
March 31, 2026
May 28, 2026
$1.54
$1.65
-6.8%
Dec. 31, 2025
$2.59
$2.59
-0.17%
Sept. 30, 2025
$3.45
$3.39
1.7%
June 30, 2025
$4.04
$3.97
1.8%
March 31, 2025
$3.52
$3.28
7.2%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$326M
$306M
$134M
$227M
$417M
$8.66B
$8.42B
$7.23B
$6.21B
$5.96B
$3.46B
$2.13B
Cost of Revenue
$1.78B
$1.48B
$1.41B
$1.24B
$1.05B
$961M
$960M
$820M
$1.36B
$2.39B
$669M
$381M
Gross Profit
$4.67B
$5.56B
$5.77B
$5.71B
$6.19B
$7.70B
$7.46B
$6.41B
$4.85B
$3.57B
$2.79B
$1.75B
R&D Expense
$1.06B
$1.32B
$1.35B
$1.42B
$1.40B
$1.36B
$1.29B
$1.14B
$879M
$571M
$274M
$158M
SG&A Expense
$504M
$535M
$538M
$502M
$544M
$382M
$318M
$315M
$282M
$307M
$194M
$130M
Operating Expenses
$4.10B
$4.84B
$4.90B
$4.79B
$4.70B
$4.99B
$4.70B
$3.89B
$2.81B
$2.42B
·
·
Operating Income
$769M
$1.00B
$1.14B
$1.25B
$1.78B
$3.15B
$3.24B
$2.87B
$2.05B
$1.17B
$1.20B
$904M
Interest Expense
·
·
·
·
·
·
·
·
·
·
$0
$0
Other Non-op
·
·
·
·
·
·
·
·
$9M
$14M
$13M
$3M
Pretax Income
$1.53B
$1.69B
$2.00B
$1.76B
$2.18B
$3.54B
$3.70B
$3.24B
$2.26B
$1.25B
$1.28B
$941M
Income Tax
$142M
$63M
$72M
$-62M
$34M
$261M
$500M
$378M
$267M
$33M
$286M
$193M
Net Income
$1.44B
$1.68B
$1.94B
$1.86B
$2.25B
$3.28B
$3.20B
$2.87B
$2.00B
$1.23B
$991M
$749M
EPS (Basic)
$2.95
$3.34
$3.84
$3.62
$4.30
$6.86
$6.75
$6.10
$17.20
$10.75
$8.83
$7.01
EPS (Diluted)
$2.93
$3.33
$3.83
$3.62
$4.29
$6.83
$6.69
$6.02
$16.95
$10.58
$8.57
$6.64
Shares (Basic)
470,186,664
484,945,912
489,952,172
499,160,564
499,861,764
477,467,268
474,328,384
470,687,884
116,379,846
114,237,600
·
0
Shares (Diluted)
472,096,864
486,552,724
491,252,460
499,666,792
500,481,540
479,686,380
478,060,988
476,941,516
118,058,856
116,036,327
·
0
EBITDA
$769M
$1.00B
$1.14B
$1.25B
$1.78B
$3.15B
$3.24B
$2.87B
$2.04B
$1.15B
$1.20B
$904M
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$2.18B
$1.69B
$5.00B
$2.80B
$4.24B
$1.75B
$1.99B
$212M
$912M
$3.29B
$2.15B
$1.05B
Short-term Investments
$17.06B
$21.62B
$18.55B
$19.28B
$16.50B
$12.88B
$10.81B
$9.85B
$7.24B
$2.43B
$1.96B
$1.72B
Receivables
$1.52B
$1.36B
$1.47B
$1.93B
$2.14B
$3.12B
$3.23B
$2.80B
$1.89B
$1.21B
$1.08B
$737M
Inventory
·
·
·
·
·
·
·
·
$0
$96M
$112M
$0
Prepaid Expense
$309M
$337M
$361M
$358M
$280M
$563M
$302M
$250M
$186M
$377M
$339M
$74M
Current Assets
$21.19B
$25.16B
$25.52B
$24.42B
$23.33B
$18.36B
$16.36B
$13.14B
$10.26B
$7.43B
$5.74B
$3.64B
PP&E (Net)
$191M
$204M
$201M
$255M
$381M
$410M
$282M
$170M
$130M
$135M
$104M
$75M
PP&E (Gross)
$1.33B
$1.37B
$1.34B
$1.25B
$1.17B
$1.06B
$713M
$505M
$381M
$308M
$228M
$149M
Accum. Depreciation
$1.14B
$1.17B
$1.14B
$997M
$787M
$652M
$431M
$335M
$250M
$173M
$124M
$74M
Goodwill
$3.94B
$3.94B
$3.94B
$3.94B
$3.94B
$4.07B
$1.50B
$1.50B
$1.50B
$1.50B
$1.50B
$1.50B
Intangibles
$54M
$128M
$202M
$278M
$357M
$440M
$28M
$39M
$51M
$30M
$34M
$39M
Other Non-current Assets
$91M
$128M
$201M
$116M
$133M
$259M
$875M
$733M
$17M
$34M
$22M
$19M
Total Assets
$28.31B
$30.22B
$30.84B
$29.72B
$28.40B
$23.73B
$19.16B
$15.76B
$12.29B
$9.39B
$7.53B
$5.28B
Accounts Payable
$2.19B
$2.93B
$2.93B
$2.54B
$2.04B
$2.58B
$2.42B
$2.44B
$1.66B
$1.15B
$833M
$525M
Short-term Debt
·
·
·
·
·
·
·
·
$0
$31M
$175M
$0
Current Liabilities
$3.53B
$4.53B
$5.08B
$4.06B
$3.99B
$4.19B
$3.97B
$4.16B
$3.89B
$2.54B
$2.16B
$1.08B
Deferred Tax
·
·
·
·
·
·
·
·
·
·
$490M
$508M
Other Non-current Liabilities
$22M
$23M
$89M
$51M
$29M
$105M
$46M
$24M
·
·
·
·
Total Liabilities
$4.01B
$5.02B
$5.66B
$4.63B
$4.59B
$4.92B
$4.55B
$4.64B
$4.36B
$3.04B
$2.68B
$1.61B
Total Debt
·
·
·
·
·
·
·
·
$0
$31M
$175M
·
Common Stock
$9M
$9M
$9M
$9M
$9M
$8M
$8M
$8M
$8M
$8M
·
·
Retained Earnings
$16.65B
$16.74B
$16.60B
$16.20B
$14.81B
$13.47B
$10.70B
$7.50B
$4.63B
$3.22B
$1.99B
$1.00B
Treasury Stock
$2.24B
$1.52B
$1.34B
$750M
$31M
·
·
·
·
·
·
·
AOCI
$400M
$495M
$443M
$370M
$-50M
$62M
$148M
$128M
$70M
$125M
$63M
$6M
Stockholders' Equity
$23.04B
$23.95B
$23.93B
$23.89B
$22.62B
$17.63B
$14.63B
$11.14B
$7.95B
$6.36B
$4.85B
$3.67B
Liabilities + Equity
$28.31B
$30.22B
$30.84B
$29.72B
$28.40B
$23.73B
$19.16B
$15.76B
$12.29B
$9.39B
$7.53B
$5.28B
Shares Outstanding
463,038,708
479,288,580
483,398,100
492,742,468
505,183,788
479,219,628
475,706,748
472,225,380
468,563,424
115,297,224
113,054,570
110,602,163
Cash Flow15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Stock-based Comp
$219M
$192M
$195M
$169M
$206M
$211M
$204M
$202M
$178M
$195M
$108M
$57M
Deferred Tax
$36M
$-43M
$-50M
$-148M
$-151M
$-22M
$145M
$102M
$12M
$-104M
$-6M
$5M
Amort. of Intangibles
$74M
$74M
$77M
$79M
$84M
$12M
$12M
$12M
$7M
$5M
$5M
$6M
Operating Cash Flow
$889M
$1.37B
$2.45B
$2.57B
$3.52B
$3.33B
$2.89B
$3.11B
$2.46B
$1.57B
$1.46B
$1.02B
CapEx
$118M
$140M
$79M
$117M
$219M
$264M
$204M
$114M
$86M
$89M
$89M
$43M
Investing Cash Flow
$2.15B
$-3.05B
$1.00B
$-3.11B
$-3.81B
$-2.99B
$-1.17B
$-3.30B
$-4.91B
$-515M
·
$-1.76B
Stock Issued
·
·
·
·
$3.57B
·
·
·
·
$0
$0
$604M
Stock Repurchased
$1.05B
$223M
$634M
$719M
$31M
·
·
·
·
$0
$0
$227M
Net Stock Activity
$-1.05B
$-223M
$-634M
$-719M
$3.53B
·
·
·
·
$0
$0
$377M
Dividends Paid
$1.48B
$1.48B
$491M
$422M
$673M
$651M
·
$596M
·
·
$0
$0
Financing Cash Flow
$-2.53B
$-1.70B
$-1.12B
$-1.14B
$2.90B
$-547M
$69M
$-544M
$61M
$28M
·
$647M
Net Change in Cash
$468M
$-3.34B
$2.31B
$-1.52B
$2.56B
$-224M
$1.78B
$-695M
$-2.39B
$1.14B
$1.10B
$-84M
Taxes Paid
$188M
$153M
$159M
·
·
·
·
·
·
·
·
·
Free Cash Flow
$771M
$1.23B
$2.37B
$2.45B
$3.31B
$3.06B
$2.69B
$3.00B
$2.39B
$1.54B
$1.37B
$981M
Levered FCF
·
·
·
·
·
·
·
·
·
·
$1.37B
$981M
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
1433.9%
1816.1%
4295.5%
82.2%
85.5%
88.9%
88.6%
88.7%
78.1%
59.9%
80.7%
82.1%
Operating Margin
236.3%
328.0%
846.4%
18.0%
24.6%
36.4%
38.4%
39.7%
32.9%
19.4%
34.6%
42.4%
Net Margin
443.2%
549.5%
1440.2%
26.7%
31.1%
39.3%
38.0%
39.7%
32.2%
20.6%
28.6%
35.1%
Pretax Margin
470.5%
551.2%
1486.5%
25.4%
30.1%
42.4%
44.0%
44.8%
36.4%
20.9%
36.8%
44.1%
EBITDA Margin
236.3%
328.0%
846.4%
18.0%
24.6%
36.4%
38.4%
39.7%
32.9%
19.4%
34.6%
42.4%
ROA
4.9%
5.5%
6.4%
6.4%
8.6%
15.9%
18.3%
20.5%
18.5%
14.5%
15.5%
17.0%
ROE
6.1%
7.0%
8.1%
8.0%
11.1%
21.1%
24.8%
30.1%
28.0%
21.9%
23.3%
25.5%
ROIC
3.0%
4.0%
4.6%
5.4%
7.7%
16.6%
19.1%
22.8%
22.7%
17.6%
18.5%
19.6%
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
6.0
5.6
5.0
6.0
5.9
4.4
4.1
3.2
2.6
3.0
2.7
3.4
Quick Ratio
5.9
5.4
4.9
5.9
5.7
4.2
4.0
3.1
2.4
2.7
2.4
2.4
Debt / Equity
·
·
·
·
·
·
·
·
0.0
0.0
0.0
·
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.0
0.0
0.0
0.2
0.3
0.4
0.5
0.5
0.6
0.7
0.5
0.5
Inventory Turnover
·
·
·
·
·
·
·
·
28.4
23.1
12.0
·
Receivables Turnover
0.2
0.2
0.1
3.4
2.7
2.7
2.8
3.1
4.0
5.2
3.8
3.5
Per Share6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$49.76
$49.97
$49.50
$48.48
$45.04
$36.78
$123.01
$94.32
$67.88
$55.17
$42.91
$33.14
Revenue / Share
$0.69
$0.63
$0.27
$13.89
$14.46
$18.05
$70.46
$60.66
$52.60
$51.38
·
·
Cash Flow / Share
$1.88
$2.82
$4.99
$5.13
$7.04
$6.93
$24.18
$26.09
$20.95
$14.01
·
·
Cash / Share
$4.70
$3.53
$10.34
$5.69
$8.39
$3.65
$16.72
$1.80
$1.20
$28.57
$19.04
$1.54
Dividend / Share
$1.79
$1.72
$1.73
$0.53
$0.87
$0.77
·
·
·
·
·
·
EPS (TTM)
$2.93
$3.33
$3.83
$3.62
$4.29
$6.83
$6.69
$6.02
$16.95
$10.58
$8.57
$6.64
Valuation (TTM)17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$326M
$306M
$134M
$227M
$417M
$8.66B
$8.42B
$7.23B
$6.21B
$5.96B
$3.46B
$2.13B
Net Income TTM
$1.44B
$1.68B
$1.94B
$1.86B
$2.25B
$3.28B
$3.20B
$2.87B
$2.00B
$1.23B
$991M
$749M
Market Cap
$10.31B
$12.44B
$13.56B
$15.08B
$14.89B
$47.74B
$9.52B
$9.24B
$7.58B
$2.91B
$3.95B
$4.02B
Enterprise Value
·
·
·
·
·
·
·
·
$193M
$-2.78B
$15M
·
P/E
7.6
7.8
7.3
8.5
6.9
14.6
12.0
13.0
3.8
2.4
4.1
5.5
P/S
31.7
40.7
100.9
66.6
35.7
5.5
1.1
1.3
1.2
0.5
1.1
1.9
P/B
0.4
0.5
0.6
0.6
0.7
2.7
0.7
0.8
1.0
0.5
0.8
1.1
P / Tangible Book
0.5
0.6
0.7
0.8
0.8
3.6
·
·
·
·
·
·
P / Cash Flow
11.6
9.1
5.5
5.9
4.2
14.4
3.3
3.0
3.1
1.8
2.7
3.9
P / FCF
13.4
10.1
5.7
6.2
4.5
15.6
3.5
3.1
3.2
1.9
2.9
4.1
EV / EBITDA
·
·
·
·
·
·
·
·
0.1
-2.4
0.0
·
EV / FCF
·
·
·
·
·
·
·
·
0.1
-1.8
0.0
·
EV / Revenue
·
·
·
·
·
·
·
·
0.0
-0.5
0.0
·
Dividend Yield
14.4%
11.9%
3.6%
2.8%
4.5%
1.4%
·
6.5%
·
·
0.00%
0.00%
Earnings Yield
13.2%
12.8%
13.7%
11.8%
14.5%
6.9%
8.4%
7.7%
26.2%
41.9%
24.5%
18.3%
Payout Ratio
102.7%
88.1%
25.4%
22.7%
29.9%
19.1%
·
20.8%
·
·
0.00%
0.00%
Annual Payout
$1.48B
$1.48B
$491M
$422M
$673M
$651M
·
$596M
·
·
$0
$0
Per Share1
Metric
Trend
Q4 2015
EPS (TTM)
$8.57
Valuation (TTM)5
Metric
Trend
Q4 2015
Revenue TTM
$3.46B
Net Income TTM
$991M
P/E
4.1
Earnings Yield
24.5%
Annual Payout
$0
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$326M
$306M
$134M
$227M
$417M
Gross Margin %
1433.9%
1816.1%
4295.5%
82.2%
85.5%
Operating Margin %
236.3%
328.0%
846.4%
18.0%
24.6%
Net Income
$1.44B
$1.68B
$1.94B
$1.86B
$2.25B
Diluted EPS
$2.93
$3.33
$3.83
$3.62
$4.29
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
6.0
5.6
5.0
6.0
5.9
Quick Ratio
5.9
5.4
4.9
5.9
5.7
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$771M
$1.23B
$2.37B
$2.45B
$3.31B
Institutional owners (13F)
133 filers
· $888.9M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders133
Value held$888.9M
New positions21
Exited positions38
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
21 (-16 vs prior Q)
38 (-12 vs prior Q)
42 (+4 vs prior Q)
43 (-8 vs prior Q)
+4.9M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Gabriel Li (2), Orchid Asia III, L.P. (2), Orchid Asia Co-Investment Limited (2), OAIII Holdings, L.P. (2), Orchid Asia Group Management, Limited (2), Orchid Asia Group, Limited (2), YM Investment Limited (2), Managecorp Limited (2), Lam Lai Ming (2)
×3 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
6 insiders
· 3 officers · 4 directors